Here’s a **bullish publication idea** for **M.B. Engineering (EGX: MBEG)**, focusing on its potential rally to **EGP 118**, retesting its **2008 highs**:
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# **MBEG Set to Soar: Poised for a Historic Rally Back to EGP 3! **
M.B. Engineering (EGX: MBEG) is showing strong signs of a **major breakout**, with technical and historical indicators aligning for a potential rally back to its **2008 high of EGP3**.
## **Key Bullish Signals:**
**Historical Resistance Turned Support**
MBEG previously hit **EGP 3 in 2008**, marking a significant level of interest. As the stock consolidates, it appears poised to **retest this critical level**, potentially signaling a new uptrend.
**Volume and Momentum Increasing**
A rise in **trading volume** and **buy-side demand** suggests growing investor confidence, setting the stage for a potential surge.
**Technical Breakout Incoming**
– If MBEG **breaks above recent resistance**, it could trigger a **parabolic move**.
– Watch for a clean breakout above **near-term resistance**, which could **confirm the trend reversal**.
**Egypt’s Market Recovery & Sector Growth**
With **Egypt’s economic reforms** and increased **construction/infrastructure investments**, MBEG is well-positioned to benefit from **higher demand and sector expansion**.
## **Final Thought:**
If MBEG maintains its **upward momentum**, a retest of **EGP 118%** is **not out of reach**. Smart investors are keeping a close eye—**don’t miss the move!**
*What’s your price target for MBEG? Drop your thoughts below!* ⬇️
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Would you like to add any **charts, technical indicators, or market news** to strengthen this publication? Clear Divergence on the 4H time frame with increasing volume